Sigachi Industries shares rally 9% ahead of dividend record date of September 16

Shares of Sigachi Industries rallied as much as 9% to their day’s high of Rs 46.70, extending gains for a fifth consecutive trading session, ahead of its dividend record date set for tomorrow, September 16. The stock has been on a run, rallying almost 50% in the six sessions.

At its AGM on September 1, the board recommended a dividend of 10%, translating to Rs 0.10 per equity share for FY 24-25.

Volumes were strong in the afternoon after about 13 crore shares changed hands in today’s session. This is significantly higher than the 1-week and 1-month averages of 7 and 2 crore shares. In the previous session on September 12, as many as 22 crore shares were traded.


Apart from dividend being the positive trigger, other factors could also be at play for the sharp up move in the counter. For instance, hopes of a possible US-India trade deal with both leaders - US President Donald Trump and Prime Minister Narendra - expressing optimism last week. Despite 50% tariffs on New Delhi, pharmaceutical and nutraceutical companies continue to remain outside the purview of these curbs.

Q1 performance snapshot

In Q1 FY26, Sigachi Industries posted revenue of Rs 128.2 crore, up 34% from Rs 95.7 crore in the same quarter last year. Gross profit rose 15% year-on-year to Rs 54.7 crore, though the gross margin contracted to 42.64% from 49.79%.

EBITDA increased to Rs 24.1 crore from Rs 21.0 crore, with margins slipping to 18.79% from 21.94%. The company, however, reported a net loss of Rs 101.0 crore compared with a net profit of Rs 12.8 crore in Q1 FY25.

At about 12:05 pm, shares of the company were trading at Rs 45.5, higher by 6.2% from the last close on the NSE. Despite the recent surge, the stock is down 10% on a year-to-date basis.

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